Charles Schwab Launches Spot Trading for Bitcoin and Ethereum for Retail Clients

iconChaincatcher
Share
This is the logo of the coin.
BTC
$77,436.602.45%
This is the logo of the coin.
ETH
$2,434.362.79%
This is the logo of the coin.
SOL
$94.854.96%
AI summary iconSummary
Charles Schwab launched spot trading for Bitcoin and Ethereum for retail clients on May 13, 2026, with a 75 basis point fee. The firm, which manages $13.1 trillion in assets and serves 39.8 million brokerage accounts, partners with Paxos for execution and custody. Clients hold approximately $2.5 billion in crypto ETPs, while trading volume remains a key metric for tracking adoption. Meanwhile, Morgan Stanley’s E*Trade and Fidelity offer lower fees, and the Fear & Greed Index reflects mixed sentiment. No deposit or withdrawal support is available, and SIPC protection is limited to New York and Louisiana.

ChainCatcher report: On May 13, 2026, U.S. financial services firm Charles Schwab began rolling out spot trading for Bitcoin and Ethereum to retail clients, with a transaction fee of 75 basis points per trade. The company disclosed that it manages $13.1 trillion in client assets and serves 39.8 million brokerage accounts, with Paxos handling execution and sub-custody. During its July earnings call, Charles Schwab stated that progress on the crypto business is on track, initiated a pilot for crypto asset transfers, and has taken an equity stake in Paxos. Initially, only Bitcoin and Ethereum are supported; deposits and withdrawals are not available, and SIPC protection does not apply, except in New York and Louisiana. Charles Schwab clients already hold approximately $25 billion in crypto ETPs. On July 16, Morgan Stanley’s E*Trade launched trading for Bitcoin, Ethereum, and Solana via Zerohash at a fee of 50 basis points; Fidelity charges 1%, while Coinbase’s implied consumer trading fee is approximately 1.75%.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.